Used in organic synthesis as a versatile reagent, particularly in cross-coupling reactions to form carbon-carbon bonds. It is valuable in the preparation of pharmaceuticals and agrochemicals due to its ability to introduce pyridine moieties into complex molecules. Additionally, it serves as a key intermediate in the development of boron-containing compounds, which are often employed in catalysis and material science. Its stability and reactivity make it suitable for use in controlled environments, enabling precise modifications in target molecules.